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Plug Power – Seize the day

Plug Power – Seize the day

Gendrive-Modules
Gendrive Modules ©PlugPower

That was fast. First, Plug Power [Nasdaq: PLUG] raises around USD 840 million issuing new shares at USD 22.25 apiece. A felt five minutes later, the company is offered a USD 1 billion bought deal, perfectly exploiting the stock surge to collect massive capital. Plug must now have over USD 1.7 billion in the bank, thanks to the company’s growth prospects targeting hydrogen.

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Nikola Motors – GM bows out

Nikola Motors – GM bows out

The hammer fell on Nov. 30, 2020. General Motors will not buy into Nikola. But according to the new memorandum of understanding, GM still wants to work with Nikola on battery and fuel cell technology. Consequently, the Badger pickup truck will not emerge from GM’s assembly line as planned. And the originally projected USD 2 billion investment is also rendered moot. As a result, Nikola stock plummeted.

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Adieu, Stephan Kohler

Adieu, Stephan Kohler

Portrait Mr. Stephan Kohler
© Zukunft Erdgas

At the age of 67, Stephan Kohler’s passing in late October last year came as quite a surprise. His death was reported by the German Zukunft Erdgas industry initiative, on whose supervisory board Kohler had been since 2018. Many politicians and business leaders remember Kohler as a passionate fighter for climate action. Zukunft Erdgas chairman Timm Kehler said: “Stephan Kohler was held in high esteem throughout the entire energy sector. His precise analyses and attention to detail were greatly respected and appreciated. […] We’ve lost a tremendous human being, a smart, passionate innovator and driving force for the energy revolution.”

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Angelika Heinzel retires from ZBT

Angelika Heinzel retires from ZBT

Former managing director Prof. Angelika Heinzel
© ZBT

At the end of 2020, Angelika Heinzel stepped down as chief executive of ZBT’s fuel cell technology center, a research institute she led for a total of 19 years. In March, she will also leave her professorship at Duisburg-Essen University’s Mechanical and Process Engineering department, and her leading scientific role at ZBT. As for her successor in the science department, the university is still in the hiring process.

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Tesla joins S&P 500

Tesla joins S&P 500

Graphic representation of Tesla's stock index
© www.finanzen.net

It may seem contradictory, since joining an important market index is a very good thing, requiring funds to adjust their holdings. In Tesla’s case, I see at least USD 8 billion would have to be invested through them. I tend to doubt this will automatically lead to a massive increase in valuation. Index funds may already have positions based on a variety of investment vehicles, such as options that can be turned into shares without any relevant influence on the price. Perhaps out of pure contrariness, the stock could turn sour when things are looking their best because analysts, investors and the media see only rising prices, completely ignoring the risks.

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